Can Bi-weekly Mortgage Payments Save You Money?

Can Bi-weekly Mortgage Payments Save You Money?

Can Bi-weekly Mortgage Payments Save You Money? Outside of a low-interest rate, there are very few ways to save money on your mortgage. On a fixed-rate loan, the payments remain the same month to month, but there is a surprising tactic you can use to save even more....
Mortgage Down Payment Gift Rules

Mortgage Down Payment Gift Rules

For home buyers struggling to come up with the money for a down payment, loving family members are often considerate enough to give them gifts to help. Gifts can help buyers come up with the big chunk of money they need to buy a home, but there are tax implications...
Should You Buy Your Parent’s Home?

Should You Buy Your Parent’s Home?

When mom and dad are ready to downsize or move to a home with less maintenance, you may have the option to buy their home. Doing so can save quite a bit of hassle for both them and you, limiting the need to enter the home selling or buying market. It can also help you...
What is a Second Mortgage and How Can It Be Used?

What is a Second Mortgage and How Can It Be Used?

One of the benefits of owning your own home is the chance to build equity. The longer you own a property, the more value it accrues. This happens for two reasons. First, you pay a little bit towards the principal balance every time you pay your mortgage. Second,...